Marico Ltd has acquired a 45% stake in Zed Lifestyle Pvt. Ltd, a start up which owns the brand Beardo..Beardo is a men’s grooming brand that sells beard oils, beard waxes, soaps and other grooming products for men’s facial hair..DealMarico acquires 45% stake in BeardoValueConfidentialDeal TypeM&ASectorFMCGLaw FirmsMarico- Krishnamurthy & Co.; Zed Lifestyle- ALMT LegalPartners/HeadsK Law- Krishna Venkat; ALMT Legal- Gaurav Shrawat.Marico was advised by Krishnamurthy & Co. through a team led by Partner Krishna Venkat along with Associate Arjun Menon and Zed Lifestyle was advised by ALMT Legal through a team led by Principal Associate Gaurav Shrawat..“The equity stake shall be acquired over a period of two years, through primary infusion and secondary buyouts,” reported, Livemint..Follow Bar and Bench channel on WhatsAppDownload the Bar and Bench Mobile app for instant access to the latest legal news.
